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tv   Erin Burnett Out Front  CNN  May 12, 2012 2:00am-3:00am EDT

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breast-feeding her 3-year-old son. tonight, she comes outfront. good evening, everyone. i'm erin burnett. "outfront" tonight, warning signs ignored. the fallout swept around the world today from america's biggest banks, multibillion dollar loss on risky trades. in washington, senator carl levin held a conference call with reporters about jpmorgan's shocking trading losses which could be up to $3 billion and the credit rating agency fitch slapped jp morgan with a drowngrade citing reputational risk. stocks plunged taking other banks down. the boss, america's most well-known banker was taken by surprise. here's jamie dimon one month ago responding to investor questions about bad trades and his risk management unit. >> it's is a complete tempest in a teapot.
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sophisticated, complex things. at the end of the day that's our job. invest that portfolio wisely and intelligently over a long period of time to earn income and to offset other exposures we have. >> well, here he is last night when it turned out that tempest was anything but. >> these were egregious mistakes, self-inflicted. we're accountable and what happened violates our own standards and principles how we want to operate the company. this is not how we want to run a business. >> the total about-face scared investors. the bottom line, jamie dimon that doesn't b.s., swears a lot, known for telling it like it is. in no small part because of that his bank was the only american bank to emerge from the financial crisis stronger than ever before. assets have grown 45% at jp morgan from the precrisis level. that's right. they're bigger than ever. $2.3 trillion. "newsweek" called him the banker
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who saved wall street september 2009. the "new york times" magazine cover of december 2007 was the least hated banker. he was on a pedestal which makes the current trading debacle all the more noticeable and a real black eye. could jp morgan lose more? could other banks? the answer is yes. how did jp morgan get it so wrong. to use a nascar analogy, if the tony stewart of wall street can't keep it together, maybe his car is too souped up. that was one month ago jamie dimon said get out of my face, there's no problem. here we are. >> it's a real comeuppance for jamie. no human being is smarter than
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the markets even if you're jamie diechlen or that respected. there's an awful lot of people, erin, in washington, d.c., right now chortling, tim geithner who jamie was beating up on, saying we don't need more regulation, we understand the markets, we understand the capital markets. not so much. >> steve moore, talk about chortling. what's going on there? >> i think the truest thing that you said, erin, is when you quoted him saying you don't want to be on that pedestal because he has fallen off the pedestal. he has had a great run as you know. he's been a great banker. but this was -- some of the trades were unforgivable and as you said the losses could reach $2 billion to $3 billion. here's where i think the disagree with the two of you. i think this rush to more regulation of the banks and u.s. financial services is kind of the wrong remedy. u.s. financial services are the most overregulated industry, not
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just in the united states, but in the world. when you talk about a bank like jp morgan it is regulated as you know by the s.e.c., by the federal reserve, by the treasury department and by the fcc -- >> i'm not sure either one of us was calling for more regulation. you have lloyd blankfein asking for better regulation. i think that's what dimon is saying, better regulation would make more sense. i think better internal risk management would make better sense. >> i think we both agree on that. let's look at the losers here. thank goodness the losers are not the taxpayers because it doesn't like jp morgan is going to get to a bailout. the losers were the shareholders that's the way it should be. when a bank makes a bad decision, the people should lose money out of the shareholders. >> and by the way, the shareholders are regular people who have jp morgan in their
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401(k)s. if that made sense to norman people, this wouldn't have happened. i mean, the ceo of the bank said a month ago this was hog wash and then he lost $3 billion. could it have been 30 or more? could 2008 happen again? >> well, it could. we have the multiple tier of regulations already and they haven't prevented these kinds of melt downs in terms of the finances of these banks. look, i'm just worried that we just passed as you know what was it about a year or two ago the dodd-frank bill which was supposed to stop this behavior and it's imposed a lot of costs on the financial institutions. >> jamie dimon is down there in washington fighting against it. >> you need to streamline all of these different entities in washington, put them all together and have one master regulator. i don't think that's more regulation.
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the other point i'd like to make is the least regulated countries -- >> i agree. >> the united states, the u.k. and iceland, so let regulation is riskier. >> i love an iceland mention. >> yeah. i'm not going to defend iceland here. when you have so many regulators looking at the banks -- >> we agree there. >> transactions, these kind of things continue. i mean, look, the one thing we have to make sure we don't do is continue to bail out banks when they make bad decisions because i think that's the ultimate safety net and hammock for bad decisions. >> let me put this to you then. what we have here in the introduction. jp morgan is 40% bigger than before the crisis. if it was too big to fail them, we'll have to bail them out then. >> i don't believe that big is necessary bad. the only reason that big is bad when it comes to banks is because the impulse is to bail them out when they get this big. are we going to bail out every
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fortune 500 company if there's losses? >> what about breaking up the banks? what do you think about that? what do you think about breaking up the big four? what's that? >> i'm opposed to it because i don't think big is necessarily bad. 10 or 15 years ago, the top ten banks in the world were not u.s. banks. we were losing competitiveness because of that. >> i don't know they're not so big makes us let competitive. i never followed the argument. we have citi and bank of america, breaking them up, does that make them better? >> do you want to break up wal-mart because it's successful? >> i don't want to break up wal-mart. >> wal-mart -- >> it doesn't sound like what the "wall street journal" wants to do usually. >> wal-mart doesn't control so many american people's savings. that cuts into people and their situation. >> a very good point, but don't forget, people with savings that
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is depositors who put their money in the bank, they are not at risk -- >> then you have to bail out. >> systemic risk. >> here we are back to the chicken and egg. thanks very much to you. next, new details about mitt romney and the accusations that he attacked a gay student in high school. and then the facebook, the ipo, could you actually get into facebook though? and the wild ride that's now a wild record. [ male announcer ] this is the at&t network... a living breathing intelligence bringing people together to bring new ideas to life. look. it's so simple. [ male announcer ] in here, the right minds from inside and outside the company come together to work on an idea. adding to it from the road, improving it in the cloud all in real time.
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our second story "outfront" duelling stories about mitt romney's high school years. the conservative website breitbart.com is raising questions about the timing and the accuracy of "the washington post" story about romney led a gang of boys in attacking a class mate who was gay and cutting off his hair.
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five other students witnessed the attack or took part in it. others say it haunts them today. but breitbart writes about romney's childhood in detroit. it quotes one of the same students who calls romney's attack on a gay student vicious, but it says i'm a democrat, so i probably won't vote for him. he's very mart and very principled. john avlon is here and tim punk is in washington. john avlon, pretty interesting quote there. it does seem to fly in the face of "the washington post" story in that one individual's case. >> that's right. and in that one individual incident. i think that's what's isn't it cant. obviously his overall impression of mitt romney may be different than mitt romney's worst moment in high school. none of us are the sum total of our worst moments, but what's fascinating is why it's rippling so much. it's because romney doesn't have a character narrative into a
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young man and in -- and this sticks because it seems to pull back the curtain a bit in a way that seems horrifically revealing. not that this is indicative of his values now -- >> people are starving for mitt romney, the man. >> we all do stupid things in high school. but we don't all do stupid things of this nature, pinning down a kid and cutting off his hair because he's different and that's why it's resonating now. >> and "the washington post" article came out the day after the president's announcement that he supports same-sex marriage and that reporter says, look, i worked on this for two weeks. so i did all my own reporting and it's absolutely unfair to say that there was anything political in the rollout of the story. what do you think? >> i think that there is a genuine idea and a belief that there is a political motivation behind this. and i think if you even look to the response that the family has had, the family of john lauber
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-- i hope i'm saying his name correctly. you know, the sisters said they had no knowledge of this, that it was factually incorrect. but it seems like people are tap dancing on the grave of their brother and that's a poor taste to move a political agenda. i think that's how a lot of people are going to perceive this. there's a sense of why is the timing, it's very suspicious about the timing. suspicious about the sources and then you have the family kind of saying, really enough is enough. i think all of those elements together make it look quite suspicious. >> so before i bring in tim, it could be that there was a timing link and that all of a sudden the president comes out for gay marriage, "the washington post" said there's high interest. that's not politically motivated but trying to time for reader interest. >> that's exactly right. that's why republicans want to present it that way. you have five witnesses including one independently reached out to by cnn, i do remember that. it was horrific.
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it was match the definition of assault and romney has apologized for it even though he said he doesn't remember. >> when karl rove leaked the story of george bush being arrested for drunk driving when he was younger, it cost him 4 million votes. what do you think? >> i think if it's 4 million vote, mitt romney is in trouble. the bigger issue here is that i think it goes to this -- look both campaigns are fight over this small sliver of undecided and independent voters. they base their decisions on linability. do i like this guy, is this a guy who can relate to my life? that likability factor is why you see folks like mitt romney or the president go on "saturday night live" or david letterman up. they want to tell stories about their childhood. usually it's them telling the stories of how they overcame obstacles.
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this is a big challenge for mitt romney and this story isn't helpful and they want to move on from it very quickly. >> john, what can he do though? his wife has been out there more, he's done all the things and it has not seemed to connect. i know you can't always choose who people zone in on. >> you can't, but nature and politics abhor a vacuum. the campaign has to set up a narrative the same way that john mccain's real life story was so inspirational because he was a p.o.w. george w. bush, he was a young man who triumphed over alcoholism and found god. you know, that dui story and george bush made an impact because it out the weekend before the election. but it speaks to how much mitt romney needs to fill out his own narrative. >> is that the problem though, people don't see the adversity he had to overcome? >> well, it's a little bit about getting to know the candidate. i agree with john there. independent voters are not going to focus on this and not do in
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high demand until you get to the conventions and same thing that barack obama did when they introduce who they are, the introduction to the solution when everyone is paying attention. i think there's a lot 06 stories about mitt romney's character that are going to come out. for example, when he helped to find a missing teenage daughter of a partner at bain capital. that's a lot that will put together and define who he is as a candidate. >> thanks to all three of you. there are now three men accusing john travolta of sexual assault. could it bring him financial ruin? and on "time" magazine, a mother is breast-feeding her young son. why? the answer is up next. great shot.
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our third story outfront. john travolta one of the wealthiest actors in hollywood. he's worth about $2 million and he's a licensed pilot. he owns a gulf stream jet and he flies that plane to australia, new york, he flies around the world on his own. but the a-list actor is now facing accusations of sexual assault. the third man pointing the finger at travolta, saying he was accosted on a cruise ship in 2009. two others claimed he groped them while he was on their massage table.
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john travolta plans to slap them with a lawsuit. outfront on this case, cnn legal analyst paul callan and a.j. hammer. and all right. great to have you both of you with this. the lawyer said i'm going to file a malicious case, this is a complete load of hog wash, but more and more are coming out of the wood work. >> with celebrities, you have to worry about two things. one, the reputation gets destroyed in a suit like this and secondly, if travolta is making a movie or he has to appear in a deposition in this case, they have to close down the site. and it costs them a lot of money. if you sue him they're afraid of coming after him for copycat lawsuits. if he doesn't pursue it aggressively, there will be more suits against him.
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>> a.j., you have been covering this. will it do damage to him? >> i think in the short term, no, not at all. i think they're doing the right thing by making a loud and bold statement. sometimes celebrities want to let these things kind of settle themselves and work themselves out. but sometimes because there's such a risk of other people glomming on and jumping on the bandwagon, you have to send a loud and clear message like singer is doing in this case. if there was a modicum of truth to this, they wouldn't be coming out so aggressively and i think the problem could be in the long term if this thing is left to go on and on it's going to dog travolta because people want to ask him about it and it could hurt his reputation, but not right now. >> paul, we talk about copycats and talking about the legal team is coming ought aggressively against it. do you think that will stop copycats? i would imagine it's the press cycle of covering it every day that they don't want. >> the reason that i think the threat of countersuits that will stop the copycat, are you afraid that you'll get sued and not only your lawyer will get sued,
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you'll think twice about doing it. and the first suit that involved the beverly hill hotels, he touched his leg and he's suing for $2 million. it's ridiculous on his face and the attorney singer said it didn't happen. >> i'm thinking of justin bieber and what turned out to be false paternity claims. >> it goes on all the time. it really does happen all the time. you don't know about it. look, it raises eyebrows when justin bieber decided to speak out after a woman said she had fathered the child. it doesn't squash the copycats but you believe to -- you have to believe it sort of tamps it down. >> how much money does this cost celebrities though at times? i would suppose you end up paying even though you didn't do it, but you settle because you want these things to go away.
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>> there's a substantial cost to the celebrities because they're running up legal fees to do an aggressive defense in the case. a lot of the cases result in very quiet, very secret, confidential settlements to make the plaintiff go away, even when that's no truth to the allegations. so they do cost money to the celebrities and time. >> how much -- >> well, in terms of this, you have three lawsuits now. easily he could be up at over $100,000 in legal fees if these are aggressively litigated. i'm betting though because i have read a couple of the complaints, these are really bogus complaints and i think they may be thrown out of court early on. >> certainly good news for him. >> the price of celebrity. >> yeah. $100,000 is a lot of money, although as we said, $200 million for travolta, it's not the money but the reputation. we're learning how fbi agents tracked down and cornered a fugitive wanted for kidnapping and murder.
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♪ i get my cancer medications through the mail. now washington, they're looking at shutting down post offices coast to coast. closing plants is not the answer. they want to cut 100,000 jobs. it's gonna cost us more, and the service is gonna be less. we could lose clientele because of increased mailing times. the ripple effect is going to be devastating. congress created the problem. and if our legislators get on the ball, they can make the right decisions.
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welcome back to the second
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welcome back to the second half of "outfront." we start the second half with stories we care about where we
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focus on our reporting from the front lines. first, jp morgan's big loss. up to $3 million is causing washington to question whether there's a need for more regulation for banks. the unit that caused the losses was supposed to help the bank hedge the risks, but instead it created a black eye for ceo, jamie dimon. here's what he said on the conference call. >> these were egregious mistakes. they were self-inflicted. we were accountable. what happened violates our own standards and principles but how we want to operate the company. this not how we want to run a business. the courtroom upburst interrupted a murder trial. a brother shouted you killed my brother, go to hell and then threw a shoe at him. he has admitted to killing 69 people at a youth summer camp in a bomb attack last july. they're trying to determine if he's sane. well, the libertarian party nominated gary johnson as the candidate for president. he supports a woman's right to
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choose, same-sex marriage and the legalization of marijuana. he told me he thinks he can convince voters to abandon the traditional parties for his campaign. >> there's a lot of republicans in this country who would define themselves as socially liberal and fiscally conservative. >> i think the majority of people in this country define themselves that way. and i think that's the libertarian party, the notion of fiscally responsible, socially tolerant. i think -- well, i fall in that category. i think the majority of americans do. now, it's one thing to fall in that category. it's another thing to have a resume to suggest you could do the job meaning it's one thing to point out the problems that the country is facing, it's another thing to point out the solutions. i think you could be homeless and do that. but you have to have a resume to
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run for president of the united states and i think i have it. >> you can watch my full interview, please visit cnn.com/outfront. a 44-year-old surfer has caught the ride of a lifetime. george mcnamara caught this 78-foot wave off the coast of portugal and today, guinness world records certified it's the biggest wave. it beat the previous record by a foot. in addition to the record, he was awarded $15,000 for the ride at the big wave awards in california last week. gives everybody, you know, when you're out there, saying i do the one and two foot thing on vacation, wow, that was gorgeous. all right, it's been 281 days since this country lost its top credit rating. what are we doing to get it back? well, consumer sentiment rose to the highest level. should you buy facebook? we are in the countdown for that. but now the fourth story outfront. the week-long manic manhunt for murderer adam mayes is over and today we have some new details of what led authorities to him. also new arrests tonight. three people in custody with the kidnappings and the killing of jo ann bain and adrienne bain.
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the two girls were found safe and they were released from the hospital today. martin savidge, what's the latest? >> reporter: well, first of all, it's the arrest. it shows that even after the death of the alleged suspect here that the investigation is continuing. three people now apparently pulled in for aiding and abetting adam mays in some way, shape or form, one of them giving false and misleading statements to police. the other two providing the weapon that in the end adam mayes would use to take his own life. where we're standing, alpine, mississippi, is where this ordeal came to an end. 100 yards down the road and off a very wooded trail. where the fbi was led by a tip last night. and when they went down that trail with a s.w.a.t. team of about 31 people they came across one of the young girls laying on the ground. and a short distance away they saw adam mayes.
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they asked him to put his hands in the air. instead he reached for a gun and shot himself in the head. of course it only shows you by being at the moment of rescue the girls still had to witness more tragedy. >> martin, did the police have any sense at this point as to a motive? >> reporter: you know, it's difficult to say and of course that's still being investigated. but people when you ask them why this happened, adam mayes was really close to the two young girls. some felt he was the biological father. that's a never been proven. but this family was getting ready to move to arizona. apparently he couldn't stand that separation. many believe that's why he acted when he did and that's why he killed the mother and older sister. he was fixated on the two young girls. >> do you know anything about their condition? we know they were released. do we know to whom and what condition they're in or -- >> reporter: right. they're released to close family. we understand actually their
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father was at the hospital when they were handed over. as you point out, physically they must be doing okay. we do understand that of course they suffered from being exposed. dehydration was a problem. hunger, inspect bites and poise ivy. mentally, that's another question. we won't know that for a long time. for many folks they do believe it's a miracle, their prayers were answered. although no one wanted to see adam mayes die, they wanted to see him in court. >> thanks to martin savidge. now the facebook ipo, it's a monster. it is expected to begin trading next friday. the company is selling 337 million shares. once it goes public the market value of the company could be about $100 billion. yeah. that's why i said monster. the initial price range could be between $28 and $35.
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the one question that people have asked me randomly, should i buy facebook? that's a tough one because facebook is doing a traditional ipo. what i mean, most of the shares are going to big institutions. now, they may have your 401(k), but these are the big guys. usually about 85% of the shares will go to the big investors. sources close to the ipo said that facebook did consider another option. i don't know if you remember the online auction that google tried to set a price, but facebook decided not to go that way. so it means regular small investors really can't get shares. unless your broker is a favorite hot shot at morgan stanley. so those shares are gone at this point, or are they? before you get frustrated and angry it may not add up. we just wanted to look at the other hot tech ipos. these are names you know. groupon closed at $26 a share. it went up to $31 and now it's at $9. linked in was $94 a share. it went up to $122 and now at about $111.
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still far from the high. so facebook likely, likely, i mean i'm not a clairvoyant here, but it's probably priced to go up. on the first day it will soar. will it drop back down to earth just as regular small investors get a chance to buy it so you're left to catch the falling knife. peter is joining me, so facebook has this incredible energy and focus on it, right? movies, we all deal with it in our daily life. so it's got to be one of the most high interest ipos in all time. >> it's also one of the largest in all time. the hype is unrivaled. i can't remember -- you mentioned groupon, linked in, not in the same league. just in terms of the capital being raised or people's consciousness of what the brand
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represents. >> right. so it's really hard to get the stock right now, obviously if you're a regular investor. is it impossible? >> it's not impossible, but with most ipos as you accurately pointed out, all or in most cases most shares go to the investment bankers. and to who they -- who they represent.
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so oftentimes, individual investors can't get in or have a very, very difficult time getting in. which there's a reason for that. very oftentimes in an ipo, if institutions are the primary holders initially, what will happen is if the retail book can't get involved in an ipo, you have a bid for the stock. >> right. so the big guys buy it. they tend not to sell it right away so it kind of stabilizes and everybody else can come in. but what about the fear we see so often in tech ipos where they surge on the first day and then all of the people who were lucky enough to get insiders they get the big pop and then everybody else buys and loses money? >> that's why it's so important to be unattached to it.
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what's special about facebook, so many billions of users around the world know how to use it. they understand it. they connect with it. there's something very personal about that experience with facebook. so people are attached to it. want to own it. it's important not to be emotional about it because really what's going to drive the direction of the price of the stock is going to be earnings. yes, anticipated earnings, earnings growth, but it's going to be earnings. it's going to be a knew meredith kercher -- numerically based. >> would you try to get shares right now? >> i would not. well most people only know one side of my life. they see me on stage and they think that that is who i am. singer, songwriter, philanthropist, father, life's a juggling act. when i have to get through the pain, i know where to go. [ male announcer ] take action. take advil®. for your next headache, find fast relief with advil liqui-gels® or advil migraine®.
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...the united states would be on that list. in 25th place. let's raise academic standards across the nation. let's get back to the head of the class. let's solve this. you walk into a conventional mattress store, it's really not about you. they say, "well, if you wanted a firm bed you can lie on one of those. if you want a soft bed you can lie on one of those." we provide the exact individualization that your body needs. welcome to the sleep number memorial day sale. where you can celebrate our 25-year commitment to a single mission: better sleep for both of you. never tried this before. this is your body there. you can see a little more pressure in the hips. take it up one notch. oh gosh, yes. when you're playing around with that remote, you get that moment where you go, "oh yeah" oh, yeah! ... and it's perfect. they had no idea that when they came to a sleep
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number store, we were going to diagnose their problems and help them sleep better. and right now, you can save 40% on our innovative sleep number silver edition bed-for a limited time. once you experience it, there's no going back. wow. hurry in to the sleep number memorial day sale between now and june 3rd. only at the sleep number store, where queen mattresses start at just $699.
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we're back with tonight's outer circle where we reach out to the sources around the world. tonight, we focus on molly. this west african country has seen a coup, overthrow the government, and a separatist rebellion take control of the north of the country. since the coup they have stepped up the activity, including kidnapping seven diplomats. the presidential candidate in an elections that were supposed to take place two weeks ago, and now who knows when they're going to happen. he's meeting with potential donors here in the u.s. and i asked how they're dealing with the potential threat of al qaeda. >> it's a big challenge. it's a big challenge for the
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country like mali. they won't be able to kick al qaeda out of mali. we need support from the regional ally including algeria and kenya. but mali is a big territory in
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the north, and they're finding a safe haven. but this is happening because of the corroboration right now of the people living in the north including the rebels. they're working together, with an alliance and making sure that they strengthen each other in this region. >> a lot of people they try to understand with -- an organization like al qaeda. i mean, obviously it was in afghanistan, we were talking about pakistan, now you talk about yemen and then the arabian peninsula and north africa. is this becoming a more significant center for them as the world tries to understand what's happening with al qaeda. is mali an important part of that? >> well, al qaeda in the mind is a branch in general. they're in mali, but it's because they're finding a safe haven. they have not committed per se crime in mali, but they're eroding freedoms in mali. if we let them breathe in mali, they're going to take over our freedom.
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and that is very scary for malien people. we need to regain that. we need to make sure that mali participates in the effort of kicking al qaeda out of the country. we need regional support, but we also need the support of all those that stand against islamic movement, like the extremist islamic movement. our fifth outfront story tonight -- this. the cover of "time" magazine. that's 26-year-old mom jamie lynn grumet with her 3-year-old son. it looks at 20 years since dr. william sears laid out the baby book. it lays out the attachment parenting theory. it has sleeping with the baby in the mother's bed and baby wearing, which means attaching the baby to the body, and not allowing an infant to cry. jamie lynn is here with us and also the editor of the story. jamie, let me start with you. i don't know when you made th decision to do this. did you know you were going to be on the cover? >> no, definitely, time contacted me. it was going to be possibly just for the article heading. and not for the cover story. so i didn't know basically until the day before. and i didn't know the photo until everybody else saw it for the first time too. so i didn't know which one was going to be selected. >> are you happy, not sure? angry? how do you feel? >> no, i'm definitely -- i understand why "time" chose the photo they did. but i have seen a lot of
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backlash in, you know, breast-feeding advocates saying it doesn't represent how real extended breast-feeding is really perceived. it's true, i mean, that's not how we breast-feed at home. >> is he really breast-feeding in the picture? >> yes, he's really breast-feeding in the picture. but i think they wanted to try out artistic poses and give a literal and artistic view of extended breast-feeding. it's to start a dialogue which i think they did. >> i mean, you're an editor. you want controversy. you got it. >> we got controversy. but i think it's important to remember as jamie mentions that the point of generating controversy is so that people will read this story. and so that people will talk about this story. >> yes. >> attachment parenting can be very controversial. it does have issues associated with it. there are parents who say this is simply not what i am temperamentally equipped to do,
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what my job will permit me to do. does this make me a deficient parent? others who are committed to it say this is exhausting and another group says this is the greatest thing i could have imagined for my child. we want to present those sides and the only way to get -- to get people to do that is to get them to read the story which was written by one of the writers who did an exhaustive look into this and really got down into what the pros and cons of it are. >> so jamie, what are your thoughts of attachment parenting? are you doing all parts of it? do you think it's fair to represent you that way? >> i'm doing most of it. i think we do it to fit our lifestyle. every parent is different, every child is different. my hope for doing this is to create the dialogue and perhaps, you know, take the stigma away from attachment parenting that, you know, is clearly mothers are feeling stressed from all of the attacks that they're getting
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from it. so that's what i'm hoping is that this will create enough dialogue to maybe educate people on why this is biologically okay. >> there's been incredible conversations on twitter. some defended you. i have to say a mother knows what's best, no problem with the cover at all. another one wrote, when he is 15 asks him if he likes this picture? >> i think it's a great thing to talk about the repercussions to my child until i'm older. i was breast-feed until 6 by my mother. >> do you remember it? >> yes. she had public photos and never made it a dirty or a secret for me. she caught a lot of flak. it was in the about 80s when she was doing this. i'm proud of her and i'm doing it myself. so, you know, i think our family is -- you know, out of all families we can handle this and we knew it was coming. so i understand and i appreciate the concern from other people, but our family is now a little
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bit -- a little bit different than the average family and we're going -- >> very gracious in the way you address it. i mean, which is a very important point to make. >> may i add one thing to that. we have of course heard that issue as well and we have seen it on the facebook posts and on twitter responses. and my response is, how would it affect the child? well, i don't know, and the people asking the question don't know. >> that's right. >> but there's no human in the world who knows that boy better than his mama. and she would not let something bad happen to him. so my assumption is that she would not -- jamie would not have posed for this picture if she weren't confident that there would be no negative repercussions. >> no. i mean, we weren't doing it, you know, for publicity, because we knew the majority would be negative. known really -- nobody really
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wants to put that on their family. we were doing this to hopefully educate people on how this should be -- i mean, other parenting practices should be accepted as well, but this one should be and there's no reason that people should be saying the things that they are and it's complete ignorance. >> how long -- you talked about being breast-feed until you're 6? i know you have two children. is that what you plan on doing? >> my adopted son has basically weaned. a very natural process. my 3-year-old has started the process of self-weaning. i don't think we'll go past the fourth year with him. i self-weaned when i was 6 with my mother and i don't necessarily remember weaning. so it was a very natural -- >> just happened? >> it just happened, yeah. and then there's great resources, like dr. katherine detwiler talks about the normal age of human weaning and it's a great resource for people to look at to see why it's buy logically normal. >> a lot of people -- a lot of questions that people had, people say does it affect your intimacy? your personal life with your
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husband? >> no. i think it's so funny that people say that. especially about cosleeping. >> with the baby in the bed. >> right. and i mean, this is a personal thing to say, but i mean, if that's the only place you're doing it, then i feel for the people who are assuming that that's -- that that's the only place that that can happen. so not at all. i think intimacy is extremely important in a marriage and i think a strong marriage is going to be a great foundation to show your children how to be raised confident and happy and i had that with my family. so my parents were great role models for me. that's why i'm confident in doing this. >> an amazing story. i have to say, it's courageous to put it on the cover because you get a lot more hate than like. no question about that. i'm sure you knew that going in
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as it sounds like you did. you have the topic out there. so thanks so much to both of you. we appreciate it. so nice to meet you. >> thank you. and russian president vladimir putin blew off the summit. we found out what he's doing instead of meeting the president. we'll tell you about it next. th! [ meow ] [ male announcer ] another example of volkswagen quality. that's the power of german engineering. right now lease the 2012 jetta for $159 a month.
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attend the summit. and go to camp david. he'll be sending prime minister
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medvedev in his place. at first we wondered what could be more important than, you know, the g-8? but then we figured it out. hockey. putin is crazy about it. he picked the game up last year and since then it's become his latest obsession. according to the afp, he's coached by top ex-players and quote, when the first protest against his rule broke out in december, he was playing ice hockey. that's right. instead of dealing with civil unrest, he was playing hockey and he's so into it that earlier this week he rented the moscow mega sports stadium for a game between him, his friends and some of the greatest russian hockey players of all time. he even invited his long-time friend, silvio berlusconi to the game. he brought along a blonde translator we're told.
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putin didn't disappoint. during the shoot-out, he scored the game-winning goal. to lead his team of amateurs over the russian legends. now, he skates a heck of a lot better than i do, but still, i don't think that that would be kind of, you know, the kind of skating that would get the puck past the best goalie in the world, but it did. do you think he'd want to talk policy with stiffs at camp david than do that? we know the president prefers basketball. but it's important to get the g-8 in one broom so maybe it's time for president obama to show putin he's a hockey fan too. how about going to a game, mr. president? the washington capitals play a game 7 tomorrow. you could be there i'm sure you could get seats. guess what? the captain of the washington capitals is a russian. that's right. he is a russian. i believe he's a very popular jersey. at least my nephew thinks so. on that note, here's piers morgan tonight. tonight, fame, fortune and the fight for the white house. i'll take you inside george clooney's record $15 million fund-raiser for the president. i'll ask top director rob reiner in an exclusive interview what happens when hollywoodel

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